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Trilogy Metals Files NI 43-101 Technical Report for the Previously Announced Bornite Preliminary Economic Assessment

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VANCOUVER, BC, Feb. 13, 2025 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") has filed a National Instrument 43-101 technical report titled "NI 43-101 Technical Report on the Preliminary Economic Assessment of the Bornite Project, Northwest Alaska, USA" with an effective date of January 15, 2025 and a filing date of February 13, 2025 with the Canadian securities regulators (the "NI 43-101 Report"). The Company will also be filing a S-K 1300 technical report summary titled "S-K 1300 Technical Report Summary on the Initial Assessment of the Bornite Project, Northwest Alaska, USA" with an effective date of November 30, 2024 with the United States Securities and Exchange Commission. A copy of the applicable report will be available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar and on the Company's website at www.trilogymetals.com.

The Preliminary Economic Assessment ("PEA") was prepared for the Bornite copper project ("Bornite Project") located in the Ambler Mining District of Northwestern Alaska. The Bornite Project is held by Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited ("South32"). The PEA has not been reviewed by South32 or Ambler Metals. The PEA was prepared on a 100% ownership basis, of which Trilogy's share is 50%. The results of the PEA were announced on January 15, 2025. There are no material differences in the NI 43-101 Report from those results disclosed in the Company's news release dated January 15, 2025.

Trilogy Metals engaged independent consultants, Wood Canada Limited, Ausenco Engineering Canada ULC, SRK Consulting (Canada) Inc., International Metallurgical & Environmental Inc., and Core Geoscience LLC to prepare the PEA on a 100% ownership basis, under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). An Initial Assessment for the Bornite Project was also prepared on a 100% ownership basis in accordance with Subpart 1300 and Item 601 of the Regulation S-K.

Qualified Persons

Richard Gosse, P.Geo., Vice President, Exploration for Trilogy Metals, is a Qualified Person as defined by NI 43-101. Mr. Gosse has reviewed and approved the scientific and technical information in this news release.

About Trilogy Metals

Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. These forward-looking statements may include statements regarding perceived merit of properties; the exploration potential of the UKMP; and other statements that are not statements of fact.  Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2023 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.

Cision View original content:https://www.prnewswire.com/news-releases/trilogy-metals-files-ni-43-101-technical-report-for-the-previously-announced-bornite-preliminary-economic-assessment-302376619.html

SOURCE Trilogy Metals Inc.


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29.03.2025 - 09:42 Uhr
peter47
Trilogy Metals Announces Date
Trilogy Metals Announces Date of Annual Shareholders Meeting March 28, 2025 March 28, 2025 - Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE American: TMQ) (“Trilogy Metals” or the “Company”) will hold the Company’s 2025 Annual General Meeting of the Shareholders (“AGM”) on Tuesday, May 13, 2025 at 10:00 am Pacific Time at the office of the Company, Suite 901 - 510 Burrard Street, Vancouver, British Columbia. All current directors will stand for re-election at the AGM. Other items of business include the approval of unallocated entitlements under the Company’s Restricted Share Unit Plan and Deferred Share Unit Plan. Pursuant to Toronto Stock Exchange rules, all unallocated options, rights and entitlements require shareholder approval every three years following institution of the plan. Shareholders as of the record date of March 17, 2025 will be eligible to vote at the AGM. The Company’s 2025 Management Information Circular (also called a proxy statement), which contains information about all director nominees and other items of business was filed today and is now available to the public. As always, we encourage you to vote your shares prior to the AGM. No presentations or updates on the Company’s activities will be provided at the AGM. Any investor who would like further information on the items of business at the AGM or the Company’s activities is welcome to contact us directly. Proxy Statement Filed with Regulators Additional information about the AGM can be found in the Company’s 2025 Management Information Circular (or proxy statement), which has been filed with the U.S. Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities. The 2025 Management Information Circular is available on the Company’s website at https://trilogymetals.com/investors/proxy-circular and on the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company’s shareholders in connection with the AGM. The Company has filed its 2025 Management Information Circular with the SEC and Canadian securities regulatory authorities in connection with any such solicitation of proxies from the Company’s shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT AND ALL OTHER DOCUMENTS FILED WITH THE SEC AND CANADIAN SECURITIES REGULATORY AUTHORITIES CAREFULLY AND IN THEIR ENTIRETY AS THEY WILL CONTAIN IMPORTANT INFORMATION. ... https://trilogymetals.com/news-and-media/news/trilogy-metals-announces-date-of-annual-shareholders-meeting/
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29.03.2025 - 09:37 Uhr
peter47
Trilogy Metals Provides Update on President Trump
Trilogy Metals Provides Update on President Trump’s Executive Orders and Actions by Department of Interior Aimed at Advancing the Ambler Access Project in Alaska March 25, 2025 March 25, 2025 – Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE American: TMQ) (“Trilogy Metals”, “Trilogy” or “the Company”) is providing an update on the Ambler Access Project (the “Ambler Road”) - the proposed 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects to the Dalton Highway that would enable the advancement of exploration and development at the Ambler Mining District in Northwest Alaska, home to some of the world's richest known copper-dominant polymetallic deposits. On January 20, 2025, President Trump signed a comprehensive executive order titled “Unleashing Alaska’s Extraordinary Resource Potential”, instructing agency heads across the federal government to revoke, rescind or revise regulations that are inconsistent with resource development in Alaska, including those issued by former President Joe Biden when he was in office. It places a moratorium on all activities related to the rejection of a right-of-way permit to build the Ambler Road and directs the reinstatement of the prior Trump Administration’s 2020 approval of the right-of-way permit to build the Ambler Road. The order was broadly welcomed by Alaska’s political leaders, including Senators Dan Sullivan and Lisa Murkowski, and Representative Nick Begich. Department of Interior Secretary Doug Burgum subsequently signed a series of secretarial orders, echoing the executive orders signed by President Trump. Secretary Burgum’s Order 3422 on February 3, 2025, also titled “Unleashing Alaska's Extraordinary Resource Potential”, directs the submission of an action plan to him that includes “steps to expedite the permitting and leasing of energy and natural resource projects in Alaska (including the rights-of-way and easements for roads that enable this development to occur).” On March 20, 2025, President Trump signed an executive order titled “Immediate Measures to Increase American Mineral Production”, which underscores the importance of securing a stable and predictable domestic supply of critical minerals (including copper and gold) that are essential for the nation’s defense, technology, and infrastructure, and to reduce the reliance on foreign imports. The order directs federal agencies to expedite approvals for mineral production projects. Also on March 20, 2025, Secretary Burgum announced that the Bureau of Land Management will work towards partial revocation of public land withdrawals to convey these lands to the State of Alaska. This action is expected to help advance the Ambler Road. Secretary Burgum’s announcement was commended by Alaska Senators Sullivan and Murkowski, and Representative Begich in a joint statement on March 20, 2025. Tony Giardini, President and Chief Executive Officer of Trilogy Metals, commented, “Recent actions taken by President Donald Trump and Interior Secretary Doug Burgum signal a positive path forward for the Ambler Road. This transportation corridor is crucial not only for providing access to the minerals that are vital to U.S. national security and prosperity, but also for much-needed economic growth and job creation in Alaska. Trilogy Metals is committed to working with all stakeholders on progressing the road, to unlock the vast natural resource potential of the Ambler Mining District.” Resolution in Support of the Ambler Road has been Passed by Alaskan Tribal Council On March 11, 2025, the Kobuk Tribal Council, on behalf of the community of Kobuk – one of the communities located close to the proposed Ambler Road, passed a resolution in support of the road. The tribal council acknowledges that the road could provide local jobs and economic benefits to the community while safeguarding a traditional subsistence lifestyle. “We have been studying this project since it was announced. The conversations about subsistence, the cost of living, and jobs for our youth are important to us as we look to the future of the region as Red Dog winds down and our people need work to remain in our villages,” said Henry Horner Sr., President of the Kobuk Tribal Council, in the March 21, 2025 announcement of the resolution by the Alaska Industrial Development and Export Authority (“AIDEA”). The full resolution and announcement are available on AIDEA’s website at aidea.org. ... https://trilogymetals.com/news-and-media/news/trilogy-metals-provides-update-on-president-trumps-executive-orders-and-actions-by-department-of-interior-aimed-at-advancing/
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